Bank for International Settlements general manager Jaime Caruana, speaking on March 27, said that the interests of investors and supervisors were aligned under proposed new Basel reforms.

Acknowledging that, on the surface, there appears to be potential for conflict between supervisors and banks, he said: "Tensions may arise over a short investment horizon. But over long horizons, they tend to disappear – because, in the long term, the focus necessarily shifts to sustainable profits and returns